3.0.0 2233 2021-09-29T20:25:24Z 2021-09-29T20:25:24Z House H HR 2005-05-10 109 hsed00 Education and the Workforce Committee House Standing hsed02 Health, Employment, Labor, and Pensions Subcommittee Referred to 2005-06-22T20:19:21Z Referred to 2005-05-10T16:31:15Z hswm00 Ways and Means Committee House Standing Referred to 2005-05-10T16:31:20Z Pension Fairness and Full Disclosure Act of 2005 109 991 S 2005-05-10 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. Related bill CRS 2005-06-22 hsed02 Health, Employment, Labor, and Pensions Subcommittee 1 House committee actions Referred to the Subcommittee on Employer-Employee Relations. Committee 2005-05-10 Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2005-05-10 Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2005-05-10 Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2005-05-10 Sponsor introductory remarks on measure. (CR E923-924) IntroReferral B00100 9 Library of Congress 2005-05-10 Introduced in House IntroReferral Intro-H 9 Library of Congress 2005-05-10 Introduced in House IntroReferral 1000 9 Library of Congress M000725 Rep. Miller, George [D-CA-7] GEORGE MILLER D CA 7 N S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2005-05-10 True S000033 Rep. Sanders, Bernard [I-VT-At Large] Bernard Sanders I VT 0 2005-05-10 True H000627 Rep. Hinchey, Maurice D. [D-NY-22] MAURICE HINCHEY D NY D. 22 2005-05-10 True S001156 Rep. Sánchez, Linda T. [D-CA-39] Linda Sánchez D CA T. 39 2005-05-10 True C000984 Rep. Cummings, Elijah E. [D-MD-7] ELIJAH CUMMINGS D MD E. 7 2005-05-10 True O000159 Rep. Owens, Major R. [D-NY-11] MAJOR OWENS D NY R. 11 2005-05-10 True C000714 Rep. Conyers, John, Jr. [D-MI-14] JOHN CONYERS D MI 14 2005-05-10 True D000399 Rep. Doggett, Lloyd [D-TX-25] LLOYD DOGGETT D TX 25 2005-05-10 True B000944 Rep. Brown, Sherrod [D-OH-13] Sherrod Brown D OH 13 2005-05-10 True P000149 Rep. Payne, Donald M. [D-NJ-10] DONALD PAYNE D NJ M. 10 2005-05-10 True P000034 Rep. Pallone, Frank, Jr. [D-NJ-6] FRANK PALLONE D NJ 6 2005-05-10 True V000128 Rep. Van Hollen, Chris [D-MD-8] Chris Van Hollen D MD 8 2005-05-10 True M000309 Rep. McCarthy, Carolyn [D-NY-4] CAROLYN MCCARTHY D NY 4 2005-05-10 True S001153 Rep. Solis, Hilda L. [D-CA-32] HILDA SOLIS D CA L. 32 2005-05-10 True G000551 Rep. Grijalva, Raúl M. [D-AZ-7] Raúl Grijalva D AZ M. 7 2005-05-10 True A000014 Rep. Abercrombie, Neil [D-HI-1] NEIL ABERCROMBIE D HI 1 2005-05-10 True L000562 Rep. Lynch, Stephen F. [D-MA-9] Stephen Lynch D MA F. 9 2005-05-10 True S000810 Rep. Stark, Fortney Pete [D-CA-13] PETE STARK D CA 13 2005-05-10 True W000738 Rep. Woolsey, Lynn C. [D-CA-6] LYNN WOOLSEY D CA 6 2005-05-10 True T000266 Rep. Tierney, John F. [D-MA-6] JOHN TIERNEY D MA F. 6 2005-05-10 True A000210 Rep. Andrews, Robert E. [D-NJ-1] ROBERT ANDREWS D NJ E. 1 2005-05-10 True D000598 Rep. Davis, Susan A. [D-CA-53] SUSAN DAVIS D CA A. 53 2005-05-10 True H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2005-05-10 True B001242 Rep. Bishop, Timothy H. [D-NY-1] Timothy Bishop D NY H. 1 2005-05-10 True W000797 Rep. Wasserman Schultz, Debbie [D-FL-20] Debbie Wasserman Schultz D FL 20 2005-05-11 False L000090 Rep. Lantos, Tom [D-CA-12] TOM LANTOS D CA 12 2005-05-12 False M000312 Rep. McGovern, James P. [D-MA-3] JAMES MCGOVERN D MA P. 3 2005-05-12 False L000563 Rep. Lipinski, Daniel [D-IL-3] Daniel Lipinski D IL William 3 2005-05-12 False G000535 Rep. Gutierrez, Luis V. [D-IL-4] LUIS GUTIERREZ D IL V. 4 2005-05-12 False A000022 Rep. Ackerman, Gary L. [D-NY-5] GARY ACKERMAN D NY L. 5 2005-05-17 False B000410 Rep. Berman, Howard L. [D-CA-28] HOWARD BERMAN D CA L. 28 2005-05-17 False C001059 Rep. Costa, Jim [D-CA-20] Jim Costa D CA 20 2005-05-17 False E000250 Rep. Evans, Lane [D-IL-17] LANE EVANS D IL 17 2005-05-18 False D000327 Rep. Dicks, Norman D. [D-WA-6] NORMAN DICKS D WA 6 2005-05-23 False H000324 Rep. Hastings, Alcee L. [D-FL-23] ALCEE HASTINGS D FL L. 23 2005-05-24 False M000639 Rep. Menendez, Robert [D-NJ-13] Robert Menendez D NJ 13 2005-06-16 False M000404 Rep. McDermott, Jim [D-WA-7] JIM MCDERMOTT D WA 7 2005-06-16 False W000314 Rep. Wexler, Robert [D-FL-19] ROBERT WEXLER D FL 19 2005-06-16 False S000344 Rep. Sherman, Brad [D-CA-27] BRAD SHERMAN D CA 27 2005-09-27 False F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 2005-11-10 False B001229 Rep. Baird, Brian [D-WA-3] BRIAN BAIRD D WA 3 2006-01-31 False K000172 Rep. Kildee, Dale E. [D-MI-5] DALE KILDEE D MI E. 5 2006-02-14 False Labor and Employment Administrative procedure Administrative remedies Bankruptcy Commerce Corporate reorganizations Defined benefit pension plans Department of Labor Department of the Treasury Employee rights Excise tax Executive compensation Finance and Financial Sector Fines (Penalties) Government Operations and Politics Government paperwork Law Pension funds Pension trust guaranty insurance Standards Tax penalties Tax-deferred compensation plans Taxation Valuation Labor and Employment 00 2005-05-10 Introduced in House 2005-06-08T21:20:02Z Pension Fairness and Full Disclosure Act of 2005 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to establish a termination fairness standard that limits availability of benefits under an employer's nonqualified deferred compensation plans if such employer's defined benefit pension plan is subjected to: (1) a termination based on bankruptcy reorganization; or (2) a conversion to a cash balance plan.

Prohibits funding nonqualified deferred compensation plans while maintaining underfunded defined benefit plans.

Amends the Internal Revenue Code to impose excise taxes on funding nonqualified deferred compensation plans: (1) in the event of a pension plan termination based on bankruptcy reorganization or of a conversion to a cash balance plan; or (2) while maintaining underfunded defined benefit plans.

Requires disclosure with respect to nonqualified deferred compensation plans.

]]> Pension Fairness and Full Disclosure Act of 2005 Short Titles as Introduced Pension Fairness and Full Disclosure Act of 2005 Display Title Pension Fairness and Full Disclosure Act of 2005 Official Title as Introduced To amend title I of the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 to limit the availability of benefits under an employer's nonqualified deferred compensation plans in the event that any of the employer's defined pension plans are subjected to a distress or PBGC termination in connection with bankruptcy reorganization or a conversion to a cash balance plan, to provide appropriate funding restrictions in connection with the maintenance of nonqualified deferred compensation plans, and to provide for appropriate disclosure with respect to nonqualified deferred compensation plans. Introduced in House 2005-05-10T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109hr2233ih/xml/BILLS-109hr2233ih.xml 2005-06-22 Referred to the Subcommittee on Employer-Employee Relations. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.